Europe stocks set for mixed open ahead of Fed decision; ASML beats estimates as tech jitters ease
Published On Jan 29, 2025, 1:26 AM
European markets are poised for a mixed opening as improvements in tech sentiment are noted following ASML's strong quarterly earnings. ASML reported better-than-expected net sales and an impressive increase in bookings, suggesting robust demand. Meanwhile, LVMH also outperformed its sales forecasts. The market is also awaiting key economic data and the U.S. Federal Reserve's interest rate decision, with expectations set for no change in rates.
Stock Forecasts
ASML
Positive
Given ASML's significant rise in net bookings and earnings beyond expectations, the semiconductor sector is likely to see renewed investor confidence, especially with ongoing demand in AI technology.
MC
Positive
LVMH's strong sales forecast is indicative of robust consumer demand in the luxury segment, which suggests potential for growth and investor interest in the luxury goods market.
SPY
Neutral
Broad markets might remain under pressure if concerns around Big Tech persist, but if other sectors show resilience, average stock performance could remain stable. This indicates a potential mixed outlook for indices.
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